Comercio Partners Limited is a limited-liability company in Nigeria with core business in trading fixed income securities and equities as well as providing financial advisory and assets management services to domestic and international investors in the Sub-Saharan African capital market. We are committed to delivering innovative, client-centric financial solutions that generate sustainable stakeholder value and contribute to the growth and development of Africa’s financial ecosystem.
Our strategic ambition is to build a financial services ecosystem of choice, with the strategic intent of empowering minds in Africa. This ambition is underpinned by our core values of Integrity, Knowledge, Excellence and Innovation, and a culture anchored on Excellence, Entrepreneurship and Nurturing. These principles shape how we create value, pursue growth opportunities, develop our people, and deliver exceptional outcomes for our clients and stakeholders.
Role: Portfolio Manger
Reports to: Head, Asset Management
Location: Lagos, Nigeria
Role Summary
The Portfolio Manager will be responsible for developing, implementing, and managing investment strategies that deliver competitive risk-adjusted returns in line with clients’ investment objectives, risk appetites, liquidity requirements, and investment mandates. The role will drive portfolio performance through disciplined asset allocation, rigorous investment research, proactive risk management, and effective market positioning across asset classes. It will also contribute to client retention, assets under management (AUM) growth, investment product development, and the overall commercial performance of Comercio Partners Asset Management.
Key Responsibilities
1. Portfolio Strategy, Construction and Performance Management
Develop and execute portfolio strategies aligned with client mandates, investment objectives, risk-return profiles, liquidity requirements, and prevailing market conditions.
Determine optimal asset allocation across equities, fixed income, money market instruments, and alternative investments to maximise risk-adjusted returns and preserve capital where required.
Monitor portfolio performance against approved benchmarks, investment objectives, and relevant market indices, identifying performance drivers and implementing corrective actions where necessary.
Conduct periodic portfolio reviews and rebalance asset allocations in response to market developments, changes in economic conditions, and evolving client requirements.
Oversee investment implementation and trade execution in collaboration with the dealing desk, ensuring efficient execution, appropriate pricing, and adherence to approved investment mandates.
Identify opportunities to enhance portfolio returns, optimise liquidity, and improve portfolio diversification within established risk parameters.
2. Investment Research and Decision Support
Conduct macroeconomic, sectoral, asset-class, and issuer-level research to identify investment opportunities and inform portfolio positioning.
Analyze financial statements, valuation metrics, yield curves, credit fundamentals, and market trends to evaluate investment attractiveness and relative value.
Develop investment theses, asset allocation recommendations, and investment memoranda for consideration by the Investment Committee.
Monitor domestic and international economic developments, monetary and fiscal policies, geopolitical events, and capital market trends, assessing their implications for portfolio performance.
Contribute to the evaluation and development of investment products and strategies that respond to market opportunities and evolving client needs.
3. Investment Risk Management and Regulatory Compliance
Monitor portfolio exposures to market, credit, liquidity, concentration, interest rate, and other material investment risks, ensuring alignment with approved risk limits and investment mandates.
Ensure compliance with applicable Securities and Exchange Commission (SEC) regulations, investment management guidelines, client mandates, and internal risk management policies.
Collaborate with Risk, Compliance, Operations, and other relevant functions to address investment risks, resolve exceptions, and strengthen portfolio governance.
Prepare portfolio risk reports and investment updates for internal risk committees, management, and regulatory reporting purposes, as applicable.
Maintain comprehensive documentation of investment decisions, portfolio transactions, mandate compliance, and performance reviews to support transparency, accountability, and audit readiness.
4. Client Relationship Management and Investment Reporting
Participate in client engagements to communicate investment strategies, portfolio positioning, performance outcomes, and market outlooks.
Prepare and present periodic portfolio performance reports, investment reviews, and market commentary, providing clear explanations of returns, benchmarks, material portfolio changes, and associated risks.
Provide proactive investment insights and recommendations to address client needs, market developments, and changes in investment objectives.
Partner with Relationship Management and Business Development teams to strengthen client relationships, support client retention, and identify opportunities to grow assets under management.
Support the development of tailored investment proposals and portfolio solutions for institutional clients, high-net-worth individuals (HNIs), and other investor segments.
5. Investment Committee and Strategic Contribution
Present investment recommendations, portfolio performance reviews, market outlooks, and risk assessments to the Investment Committee and other relevant governance forums.
Contribute to strategic asset allocation, investment policy reviews, and the formulation of portfolio management principles and frameworks.
Support the design, evaluation, and launch of investment products and portfolio solutions aligned with the firm’s strategy, market opportunities, and client demand.
Provide market intelligence and investment insights that inform business planning, product positioning, and the strategic direction of the Asset Management business.
Required Qualifications and Experience
Bachelor’s degree in Finance, Economics, Accounting, Business Administration, or another relevant discipline.
Minimum 7 years’ relevant experience in portfolio management, investment research, asset management, or investment advisory, preferably within a regulated financial services institution.
Demonstrable experience managing institutional and high-net-worth client portfolios, with evidence of disciplined portfolio construction, investment execution, and performance monitoring.
Strong understanding of the Nigerian and global macroeconomic environments, financial markets, investment instruments, and asset allocation strategies.
Sound knowledge of investment theory, fundamental analysis, valuation methodologies, financial modelling, portfolio optimisation, and performance attribution.
Working knowledge of applicable SEC regulations, investment management standards, and portfolio risk management frameworks.
Progress towards or possession of the CFA designation or another recognised investment management qualification will be an advantage.
Required Skills and Competencies
Investment Acumen: Strong judgement in evaluating investment opportunities, determining asset allocation, and translating market insights into portfolio strategies.
Portfolio and Risk Management: Demonstrated ability to construct diversified portfolios, manage investment risks, and optimise risk-adjusted returns.
Research and Analytical Capability: Strong quantitative and qualitative analytical skills, including financial modelling, valuation, performance attribution, and scenario analysis.
Market Intelligence: Deep understanding of domestic and international capital markets, macroeconomic drivers, and the factors influencing asset prices and yields.
Technology and Data Analysis: Proficiency in Bloomberg and Microsoft Office, particularly Excel and PowerPoint; familiarity with portfolio analytics and performance measurement tools is an advantage.
Client Engagement: Excellent communication, presentation, and relationship management skills, with the ability to explain investment strategies and performance to sophisticated clients.
Commercial Orientation: Ability to identify opportunities for AUM growth, client retention, product development, and improved business performance.
Governance and Integrity: High standards of professionalism, accountability, confidentiality, and compliance with investment mandates and regulatory requirements.
Execution and Problem-Solving: Strong decision-making, attention to detail, and ability to manage competing priorities in a dynamic investment environment.